Is Fayetteville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fayetteville has remained a Seller's Market.
Housing Prices in Fayetteville, GA
How much do homes in Fayetteville, GA cost?
Median Sold Price
$436,809
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fayetteville was $436,809 in May 2024, up 8.9% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $290K | $260K | -10.3% |
3 Bedrooms | $328.1K | $350.3K | +6.8% |
4 Bedrooms | $422.5K | $454.3K | +7.5% |
5+ Bedrooms | $570K | $630.7K | +10.7% |
Summary: Fayetteville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
Peachtree City-Tyrone | $540.3K | $598K | +10.7% |
Fayetteville | $401K | $436.8K | +8.9% |
Housing Supply in Fayetteville, GA
How many homes are available in Fayetteville, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
366 | 391 | +6.8% |
Summary: The Fayetteville real estate market had 391 homes for sale in May 2024, a 6.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 21 | 19 | -9.5% |
3 Bedrooms | 120 | 123 | +2.5% |
4 Bedrooms | 143 | 156 | +9.1% |
5+ Bedrooms | 82 | 93 | +13.4% |
Summary: The Fayetteville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 13.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
91 | 90 | -1.1% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 90 homes were sold or pending in Fayetteville in May 2024, down by 1.1% month-over-month. Of the 80 sold homes, 39% were sold under asking, 36% were sold at asking, and 25% were sold over asking.
Days on Market for Fayetteville, GA
How long does it take to sell a home in Fayetteville, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 21 Days | -26.2% |
Summary: Homes in Fayetteville had an average of 21 days on market in May 2024, down by 26.2% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 90 homes were sold in Fayetteville; 73% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.